Business

China’s Country Garden Faces Winding Up Petition In Hong Kong

China’s Country Garden Faces Winding Up Petition In Hong Kong

Linked media - Associated media More than 50 Chinese property developers have defaulted on debts since 2021. They have refused to repay overseas creditors while still making arrangements with Chinese banks for possible eventual repayment. Many of these developers have shares listed on the Hong Kong stock market or have borrowed there, or both. But creditors face formidable obstacles in seeking to recover loans from Chinese real estate developers through petitions to the court system in Hong Kong, said Zerlina Zeng, the head of East Asia corporate credits at CreditSights, a global credit research firm. Most of the assets of…
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Yellen Urges Israel to Restore Economic Ties to West Bank

Yellen Urges Israel to Restore Economic Ties to West Bank

Related media - Linked media Since Hamas’s brutal Oct. 7 attack on Israel, the Israeli government has been withholding tax revenues that it collects on behalf of Palestinians. Traditionally, that money has been distributed back to the Palestinian Authority, which used it to fund its operating budget. Israel has previously frozen and then released that tax revenue during periods of conflict with the Palestinians. The White House national security communications adviser, John Kirby, said last month that President Biden had discussed with Mr. Netanyahu the need to ensure that the tax revenues were available to pay salaries for Palestinian security…
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Eye Ointments at CVS and Walmart Pulled Because of Infection Risk

Eye Ointments at CVS and Walmart Pulled Because of Infection Risk

Associated media - Associated media “The products are being recalled due to lack of sterility assurance at the facility noted during an inspection conducted by the Food and Drug Administration,” the announcement said. It added that, as of Feb. 16, the company had not received any reports of adverse reactions related to these products. The products are intended to be sterile, the administrator said, because drugs applied to the eyes bypass some of the body’s natural defense systems. Other eye products have been recalled in recent months. In October, the F.D.A. advised consumers to stop using more than two dozen…
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Starbucks and Union Agree to Work Out Framework for Contract Talks

Starbucks and Union Agree to Work Out Framework for Contract Talks

Connected media - Associated media Workers who have helped lead the organizing said the development had surprised them. “It still feels pretty surreal right now,” said Michelle Eisen, a longtime barista at a Starbucks in Buffalo that was the first company-owned store to unionize during the current campaign. “There has not been a single call I’ve been on today where either I wasn’t crying or everyone else wasn’t crying.” If a framework is agreed to and quickly leads to contracts, experts said, it could be a major development in labor relations in corporate America, where companies like Amazon and Apple…
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Alabama IVF Ruling: What to Know About the Costs of Moving Embryos

Alabama IVF Ruling: What to Know About the Costs of Moving Embryos

Linked media - Associated media “There’s a lot that goes into moving these safely and properly,” said Angeline Beltsos, chief executive physician at Kindbody, which has 35 clinics across the country and provides fertility benefit coverage for employers, including Walmart. Will my health insurance cover the cost to move my embryos if I can no longer get I.V.F. in my home state? Maybe. Some coverage could be broad enough to pay for the transport of embryos. “It is likely that employees working for large employers have some kind of coverage,” said Elizabeth Mitchell, the chief executive officer of Purchaser Business…
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Apple Kills Its Electric Car Project

Apple Kills Its Electric Car Project

Connected media - Associated media Though Apple had not unveiled its car to consumers, the product had for many years been one of Silicon Valley’s worst-kept secrets because it was being tested on public roads. The cancellation is a rare move by Apple, which typically doesn’t shelve such public and high-profile projects. The company has struggled in recent years to find new avenues for growth as its all-important iPhone has saturated the market and people are upgrading their phones less frequently than they used to. Tim Cook, Apple’s chief executive, has publicly hinted that Apple was interested in entering the…
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Beachfront real estate in Panama: opportunity for residents of Netherlands

Beachfront real estate in Panama: opportunity for residents of Netherlands

Located in Panama, Playa Caracol Residences is a real estate project that goes beyond expectations, offering investors from Netherlands a unique beachfront experience. With extensive and captivating views of the majestic Cerro Chame and more than a kilometer of uninterrupted beach, this project presents itself as a true paradise where every detail creates an environment of incomparable beauty and serenity on the beaches of Panama. Playa Caracol: a real estate project in Panama The architectural design of Playa Caracol stands out for its originality, modernity and harmonious integration of local elements. Each property is a masterpiece that captures the essence…
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The Apple Car is Dead, But the Innovation Behind It Lives on

The Apple Car is Dead, But the Innovation Behind It Lives on

Connected media - Related media Innovation on wheels Has Apple really crashed the car? The tech giant has killed its electric vehicle project as it pivots to artificial intelligence, prompting many observers to declare the venture a major failure for the company. Here’s a contrarian thought: That critique misses a wider point about how Apple innovates, because the company has used the project to power a whole ecosystem of products and services that have been unmitigated successes. Apple invested billions to build a self-driving car. Reports emerged about the secret effort, code-named Project Titan, in 2014, and the company has…
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The Colombian Town That Gabriel García Márquez’s Legacy Helped Transform

The Colombian Town That Gabriel García Márquez’s Legacy Helped Transform

Statues and murals bear his likeness. Schools and libraries are named after him. Hotels, barbershops, nightclubs and bike repair stores carry references to his work.In the sweltering Colombian mountain town of Aracataca, it is impossible to walk down a single street without seeing allusions to its most renowned former resident: the winner of the 1982 Nobel Prize in Literature, Gabriel García Márquez.Yellow butterflies are seen all over town, a nod to one of his famous literary images. The house where he lived as a child has been turned into a museum filled with its original furniture, including the crib where…
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How Trump’s Justice Dept. Derailed an Investigation of a Major Company

How Trump’s Justice Dept. Derailed an Investigation of a Major Company

In December 2018, a team of federal law enforcement agents flew to Amsterdam to interview a witness in a yearslong criminal investigation into Caterpillar, which had avoided billions of dollars of income taxes by shifting profits to a Swiss subsidiary.A few hours before the interview was set to begin, the agents were startled to hear that the Justice Department was telling them to cancel the long-planned meeting.The interview was never rescheduled, and the investigation would limp along for another few years before culminating, in late 2022, with a victory for Caterpillar. The Internal Revenue Service told the giant industrial company…
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